Bitshares - State of the Network - 29th May 2018

Welcome to the 85th Bitshares State of the Network (BSotN) report. A weekly report focusing on the changes in the ecosystem and track longer term changes in a effort to identify emerging trends and changes in the Bitshares platform.

Bitshares - State of the Network - 29th May 2018

The Bitshares State of the Network Reports seeks to combine raw data from a wide range of metrics and combine them into meaningful information to identify emerging trends and changes in the Bitshares network.

Observation from this week

This section will highlight any observations made while analysing the data.

@Stan has visited Guiyang China to attend the International Big Data Expo 2018 and also been televised on Chinese National TV. You can find more information about the event HERE and the transcript of the television speech HERE

Tradingview charts have been integrated into the Bitshares reference wallet allowing traders a full suite of tools and indicators for all their favourite Bitshares markets!. More information HERE

Spark has announced the launch of the closed beta for 'Sendy', Spark's crypto powered remittance app. Spark's Sendy App has been available in the Google Play store since late 2017. The Spark team has been working on a redesign which will be launched in replacement of the existing app as outlined in their roadmap. Find more information HERE

Eristica The global decentralized platform of personal and mass challenges has released a sneak peak of their version 4.0 in their latest development update. The blog post covers new features, appointment of an independent app review team, new on boarding process and some new advisors, @Michaelx and @Stan Larimer. Read the update HERE

@Michaelx has published an introduction to the TRUSTY.FUND Smart Wallet. The article outlines some of the features of the smart wallet and how to make best use of its investment options. More info HERE

The Beyond Bitcoin Bitshares weekly hangouts have now moved to the Discord platform. You can join the Bitshares Discord HERE and also catch the latest hangouts streamed live on YouTube HERE

Current registered wallets/accounts within the Bitshares network is 971861; an increase of 44659 wallets/accounts since last week

Bitshares Distribution

This sections seeks to analyse the current distribution of the network. We look at the current supply, top 100 hodlers, Orders on the Bitshares Decentralized Exchange (DEX), Reserve pool balance and Income growth.

Distribution

Balance

Change W/W

Change W/W %

BTS Supply

2,628,623,344

1,991,187.00

0.08%

BTS Stealth

285,085

11.00

0.00%

BTS in Open Orders (DEX - T250)

10570330

-167,488.00

-1.51%

Reserve Pool

971949810

-1,991,187.00

-0.20%

RP Accumulated fees

37401

-

0.00%

Collateral (top 250) backing Smartcoins

399275391

-4,447,931.00

-1.16%

Top 100 Total

1,458,900,513

-11,772,636.22

-0.79%

Top 100 - minus Exchanges

666,790,594

3,504,896.78

0.53%

Exchanges

792,109,919

-15,277,533.00

-1.87%

Non Exchanges

1,836,513,425

17,268,720.00

0.95%

Profit/Expenses from the Bitshares Reserve Pool

The chart below show historic profit/expense from the Bitshares Reserve Pool where a positive number represents a W/W profit and a negative number means a W/W expense; Bitshares expenses include witness and worker pay and income includes network fees.

BTS Trading

Looking at the most active trading pairs for Bitshares (BTS). Data displayed is a 24 hour snapshot as taken on the date of this report and not a reflection on the week as a whole.

Market

Last Price

Price USD

24hr Vol BTS

24hr Vol USD

Vol %

Vol % Change W/W

BTC

0.00002655

0.18920269

23,808,434.64

4,504,619.84

51.9%

1.2%

USDT

0.18975185

0.19

16,034,929.28

3,043,520.13

35.0%

10.4%

ETH

0.00036276

0.18933057

5,487,223.60

1,038,899.20

12.0%

48.7%

BITCNY

1.13

0.18841185

430,139

81,043.26

0.9%

-1.4%

Worker Proposals

This section will identify the current approved and pending worker proposals

Active Worker:

Proposed Worker

DEX: Most Active Markets

This section will show the BTS markets within the DEX and seek to highlight the most active markets.
The most active base pair is BTS and the top 3 pairs are CNY, Bridge.BTC and USD

Smartcoins

This sections seeks to analyse the current supply and market capitalisation of the Bitshares Smartcoins.

Asset

Supply

Price

Market Cap BTS

Market Cap USD

Supply Change W/W

BTS

2,628,623,344

0.189

497,905,159

$497,905,159.36

0.076%

BTS Stealth

285,085

0.189

54,000

$53,999.86

0.004%

Reserve Pool

971,949,810

0.189

184,103,526

$184,103,525.58

-0.204%

Accumulated fees

37,401

0.189

7,084

$7,084.37

0.000%

BitUSD

13,128,879

5.25

68,926,615

$13,055,851.91

-10.451%

BitCNY

210,289,157

0.817

171,806,241

$32,542,971.26

-10.910%

BitEUR

115,384

6.1

703,842

$133,319.50

2.235%

BitBTC

51

37,567

1,915,917

$362,906.68

-1.734%

BitGold

189.5

6,851

1,298,265

$245,912.98

0.000%

BitSilver

21,764

87.1

1,895,644

$359,066.71

-0.014%

Ruble

7,536,198

0.084

633,041

$119,908.47

-6.647%

HERO

973

860

836,780

$158,500.11

-2.505%

Referral Stats

This section will track user referrals, to gauge active refers overtime. The chart below shows in blue the total number of referred users and in orange the new referrals for this week.

Account

Referrals

Change W/W

btsabc

6029

89

bitshares-munich

5541

11

bituniverse

4993

42

compumatrix1

2582

13

digital-nomad

2500

2

sdr

2385

28

cryptofresh

2196

39

jianjolly-0

1743

2

magicw

1703

34

by24seven

1289

21

superone

1238

19

bcp2017

1203

4

estefantt

1185

11

Vote Proxies

This section will track the change in proxy voting

Account

Opinions

Followers

Weight (M)

Weight Change (M)

bitcrab

90

116

139.3

-19.6

xeroc

61

214

137

-0.1

openledger

56

10987

89

-18.2

michaelx

56

118

80.4

4

bitshareseurope

0

452

59.5

13.1

still

130

331

43.3

2.2

blckchnd

57

1581

34.7

0.4

abit

71

734

26.6

0.1

fav

40

169

23.4

-0.3

blockchain-bv

0

3

11.5

0

Committee Members

This section will track shareholder approval of committee members

Account

Votes (M)

Votes Change (M)

bitcrab

683.8

-47.4

abit

573.4

-39.5

bhuz

554.3

-52.9

clockwork

501

-54.4

xeroc

462.6

-35.8

jademont

453.4

-15

openledgerdc

417.3

-42.6

bunkerchainlabs-com

413.2

-30.7

witness.still

402.5

-24.6

ebit

383.5

-36.4

chris4210

341.5

-47

Active Witnesses

This section will track top 30 active witnesses and the changes in support

Rank

Witness

Votes

Missed

Missed W/W

1

in.abit 1.6.35

716.4

757

5

2

bhuz 1.6.17

686

1733

8

3

roelandp 1.6.74

679.9

107

19

4

abc123 1.6.65

672.2

1380

10

5

fox 1.6.16

667.3

4551

2

6

witness.still 1.6.69

663.1

9338

11

7

witness.yao 1.6.71

660.1

3620

8

8

verbaltech2 1.6.34

654

4056

25

9

sahkan-bitshares 1.6.73

651.9

1380

20

10

delegate-1.lafona 1.6.28

647.7

4956

487

11

xman 1.6.64

646.8

1791

22

12

xn-delegate 1.6.59

645.6

2918

9

13

xeldal 1.6.22

644.2

2765

272

14

crazybit 1.6.84

602.8

668

14

15

delegate.freedom 1.6.63

580.7

4945

8

16

openledger-dc 1.6.76

574.8

761

14

17

delegate-zhaomu 1.6.98

573.3

670

5

18

elmato 1.6.20

562.7

4424

20

19

rnglab 1.6.45

562.6

2232

11

20

blckchnd 1.6.75

540.9

984

3

21

magicwallet.witness 1.6.110

538.8

62

11

22

witness.hiblockchain 1.6.105

514.8

621

19

23

gdex-witness 1.6.120

469.1

33

8

24

winex.witness 1.6.101

456.2

728

4

25

clockwork 1.6.117

418

28

5

26

delegate.ihashfury 1.6.26

392.8

876

6

27

bangzi 1.6.116

363.9

4

4

28

mr.agsexplorer 1.6.24

347.1

8202

484

29

delegate.taolje 1.6.38

333.7

4771

30

delegate-clayop 1.6.27

320.6

5200

Top 100 Distribution including Exchanges

This section looks at the top 100 rich list and compares account balances, this section will seek to identify changes in ownership which may lead to interesting investigations and early warning signs of upcoming projects

Rank

Account

Total BTS

Change W/W

Change W/W %

1

poloniexwallet

223,185,352

-6,682,016.00

-2.91%

2

bitkkchubei002

161,192,406

-

0.00%

3

binance-cold-1

114,787,664

-

0.00%

4

bitcc-bts-cold

111,045,504

-6,000,000.00

-5.13%

5

gamma-rabbit

54,437,939

-6,759,452.72

-11.05%

6

binance-bts-1

51,678,428

13,218,807.00

34.37%

7

alpha-dog

40,641,447

-9,813,191.00

-19.45%

8

huobi-withdrawal

38,000,034

-2,811,840.00

-6.89%

9

zbbts001

30,898,442

15,495,152.00

100.60%

10

ranchorelaxo2017

21,769,775

-

0.00%

11

gate-bts-off001

21,324,213

-

0.00%

12

binance-bitshares-gvbdb84k6h

20,696,767

-17,073,910.00

-45.20%

13

test-changekey

20,163,274

-

0.00%

14

abit

20,110,507

-

0.00%

15

bittrex-deposit

17,706,724

-121,532.00

-0.68%

16

delta-lion

17,384,648

-5,266,821.89

-23.25%

17

stan

14,791,942

-

0.00%

18

jubi-bts

14,591,906

-

0.00%

19

committee-cnytrader

13,675,667

3,788,634.00

38.32%

20

a2dcdf323a8a576408f62604b17a8a52

12,787,154

45,125.00

0.35%

21

alexna64

12,070,181

-73,514.00

-0.61%

22

anonymous

11,212,516

-

0.00%

23

yun-bts

10,962,754

-

0.00%

24

evan

10,659,692

-

0.00%

25

getch-bts

9,535,172

-

0.00%

26

brother-john

9,312,086

-

0.00%

27

enki

9,283,145

-716,176.00

-7.16%

28

virtual-ventures

9,153,485

-

0.00%

29

ibilitlan-scoltock

8,673,958

-

0.00%

30

mr-wang

8,156,959

-

0.00%

31

graphene2015

8,130,428

-

0.00%

32

huobi-bts-withdrawal

8,099,106

4,192,958.00

107.34%

33

roje

8,040,409

-

0.00%

34

cievia-waugaman

7,990,214

-

0.00%

35

bts-subscribe

7,968,972

-30,033.00

-0.38%

36

onceuponatime

7,935,039

129,959.00

1.67%

37

gate-io-bts66

7,663,263

1,247,198.00

19.44%

38

invictus

7,494,364

-

0.00%

39

jiny2

7,438,984

-

0.00%

40

haeassa-granovsky

7,431,931

-

0.00%

41

echocold1

7,097,651

-

0.00%

42

cass

6,737,585

-

0.00%

43

tyrone-shoelaces

6,615,913

-

0.00%

44

abinia-rivard

6,550,563

-

0.00%

45

keebler-kahn

6,500,770

-

0.00%

46

tsuratsura-3557

6,395,199

-

0.00%

47

bigday4sc

6,344,677

5,344,676.86

534.47%

48

bts-morning

6,200,190

41,783.00

0.68%

49

yoyow.team

6,000,002

-

0.00%

50

bristolbay

5,800,011

-0.01

0.00%

51

fericia-brick

5,766,623

-

0.00%

52

btszhqxf

5,734,712

-

0.00%

53

spring

5,560,779

-

0.00%

54

hnnr8

5,460,998

-

0.00%

55

cadord-ozois

5,423,173

-

0.00%

56

storj

5,366,573

-

0.00%

57

xhunter

5,192,094

-

0.00%

58

jeraud-kanze

5,172,698

-

0.00%

59

ld636433

5,000,010

-1,095,515.00

-17.97%

60

bitcoinindonesia

4,967,558

-3,512.00

-0.07%

61

geravia-mackinnon

4,777,691

-

0.00%

62

committee-usdoperator

4,771,045

1,731,236.00

56.95%

63

cai8108

4,491,676

313,865.00

7.51%

64

xgqing

4,351,903

-

0.00%

65

btsxzzh2

4,348,432

-

0.00%

66

hongcaibao1

4,200,011

299,983.65

7.69%

67

quonael-lievesley

4,087,235

-

0.00%

68

mtblock-io

4,057,051

342,500.00

9.22%

69

coldstorage1

4,000,000

-

0.00%

70

oh-bts

4,000,000

-

0.00%

71

super-bts

3,999,990

-

0.00%

72

zy360

3,970,294

357,837.30

9.91%

73

slim

3,938,098

-

0.00%

74

wesley-waugaman

3,921,027

-

0.00%

75

serg

3,865,004

-200,000.00

-4.92%

76

bitlion

3,740,311

437,552.00

13.25%

77

workers.bitshares.foundation

3,699,402

494,020.00

15.41%

78

facem

3,663,276

249,440.05

7.31%

79

teiva

3,624,079

1,680,117.00

86.43%

80

peak-yannie

3,333,333

-1.00

0.00%

81

random123

3,304,640

-

0.00%

82

ptschina

3,254,140

177,248.00

5.76%

83

rwh-9164

3,227,893

1,043,301.00

47.76%

84

bafohald-degeorge

3,189,866

-

0.00%

85

scottmclane

3,177,116

-

0.00%

86

bilbo-baggins

3,151,030

-

0.00%

87

makkiavelli1977

3,147,860

-51,505.00

-1.61%

88

livecoin-net

3,146,190

-

0.00%

89

lao-wallet

3,140,242

-

0.00%

90

qt6862

3,129,517

1,458,066.00

87.23%

91

rit-capital-partners

3,075,992

-317,097.12

-9.35%

92

aleks

3,050,009

-

0.00%

93

austintexas11

3,045,249

-

0.00%

94

goodc0re

3,024,484

-

0.00%

95

null-account

3,013,497

-

0.00%

96

backup.yao

3,011,637

1,588,373.00

111.60%

97

yinchg

3,007,663

148,197.00

5.18%

98

mcxcwbts

3,000,686

-

0.00%

99

billion-hero-prize

3,000,000

-

0.00%

100

ev-ev

2,992,716

-

0.00%

Thanks for viewing :)

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Adding a few more details. It should be noted that while the network has 200,000 transactions a day over 80% of that activity is bots. the busiest bot makes up 13% of all trading volume. A large number of accounts are created (likely via a bot) used once or twice and then sit empty. I don't know the full purpose of all of that activity, but I want people aware of it.

No objection to market making by bots, actually I agree it is necessary and I encourage it. However, I do think it is important to be able to measure both -real humans- and bot activity. Ultimately, the real humans bring more value to a network than the bots. There is a big difference between the two. I would like to mention facebook. It deleted about 1 billion bot created accounts. The real value of facebook is the people. It has 2 billion people on the platform. That means it deleted 1 bot account for every two real users. Bots creating millions of additional users devalue the humans on the network. That is why they deleted them. So I am ok with bots, but I don't like confusing statics that mislead.

I am the issuer of Spark coin so I take issue when I am spark and you are bitspark. But yes, I am contributing positively to Bitshares despite your continued ignorance of my emails and your continued trolling by sending coin dust to my accounts when I am not a user of your bitspark system.

So overall I love these reports, but I would like to point out something I think is important. The chart, number of accounts holding BTS off the exchange shows a number of ~130,000. That number is interesting to track as a general metric of the number of people, however it does not represent the number of active people. When I looked at the prior two months of activity, I found about 30,000 accounts had traded. So only about 1/4 of accounts are active and 3/4 of accounts are inactive. Over a two day period, I observed about 12,000 accounts trading. Now there is nothing wrong with holding, but it is important to understand these numbers can be misleading.